Been a bit busy to post updates on our debt, here is the one for November.  Wow holidays upon us again. sigh

Nov update

You are currently $11,568.16 in debt. By using the snowball method and paying an extra $300.00 a month, you will be debt free in April of 2011 and pay a total of $12,343.51..

We had 12,279.73

New Balance 11, 568.16

Paid off  $711.65

August Update

You are currently $12,279.73 in debt. By using the snowball method and paying an extra $200.00 a month, you will be debt free in April of 2012 and pay a total of $13,678.45.

We had 12,692.73

New Balance $12,279.73

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Well I have a nice update really nice.  We had a lil blessing given to us and we paid off a large part of our debt.  We are not out of the woods yet, but it sure does feel good to have it be a smaller number.

You are currently $12,692.73 in debt. By using the snowball method and paying an extra $100.00 a month, you will be debt free in November of 2011 and pay a total of $13,921.95.

We had $29,846.96 – 17,154.23 = 12,692.73 Our new balance.

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Accepting that this is where we are now, and working our way out.  Digging and diggin and will will be free from MasterSlave and VisaShackles forever.

May 2009 Update

You are currently $29,846.96 in debt. By using the snowball method and paying an extra $100.00 a month, you will be debt free in February of 2013 and pay a total of $38,369.23.

$30,457.56 –  $29,846.96 = $610.60 Paid off this month

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Update 4/2/09

You are currently $30,457.56 in debt. By using the snowball method and paying an extra $100.00 a month, you will be debt free in February of 2013 and pay a total of $39,393.83.

$30,949.98 minus  $30,457.56 = $492.42 paid off this month

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Update 3/1/09

You are currently $30,949.98 in debt. By using the snowball method and paying an extra $25.00 a month, you will be debt free in August of 2013 and pay a total of $41,443.90.

$31,391.22  minus 30,949.98 =  $441.33 paid off this month.

It is going down slowly despite my husband working two jobs and me working at home more hours.  We are trying to build up an emergency fund, so we don’t have to go to cr cards when we need money.  Live and Learn

Update 2/4/2009

You are currently $31,391.22 in debt. By using the snowball method and paying an extra $100.00 a month, you will be debt free in February of 2013 and pay a total of $40,668.02.

31,800.73 – 31,391.22 = 409.51 Total Our Debt Has Been Reduced.
Slowly but we are going in the right direction.

Updated 1/3/2009

You are currently $31,800.73 in debt. By using the snowball method and paying an extra $100.00 a month, you will be debt free in February of 2013 and pay a total of $41,376.57.

32,178.29 minus 31,700.73  =  477.56 Amt our debt has gone down this month.

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You are currently $32,178.29 in debt. By using the snowball method and paying an extra $0.00 a month, you will be debt free in November of 2013 and pay a total of $44,527.21.

Ouch that hurts much, if I was depressed before, now I am going off the deep end.

Found this at Destroy Debt

I am so glad we are starting a new month.  I have been thinking quite a bit about our debt repayment the last part of March.  I am getting antsy about getting to the end, but know that it is quite a ways away.  It is still a project in process and will be for at least another few years.

We are working now on getting the house packed as we have decided to finally put our For Sale sign up.  We have started packing in anticipation of the impending move.  We have a place in mind where we are wanting to rent for at least a year.  We are praying that this home will sell.  If it doesn’t sell, we need to start making plans for an alternative plan.  I have not gotten that far yet in my train of thought.

We have done all we can her with our current situation to decrease our expenses.

We have canceled quite a few things:

– Netflix (gone)

– cable (replaced with less expensive tv service and internet)

– phone service (work phone is free and house phone is only 20.00 month)

– cell phone (replace with a much cheaper on pay as needed)   We only use our cell phone in emergencies,

– food (Angel Food Ministries) No eating out at all, all home cooked meals

Our next step to decreasing our debt even more is to sell our home, if at all possible.

Let us see what April brings.